Firstsun Capital Bancorp · NASDAQ:FSUN
Firstsun Capital Bancorp — Q3 2026 Earnings Presentation
30 slides from Firstsun Capital Bancorp's earnings presentation, Oct 26, 2026
Slide 1: 3Q2026 Earnings Presentation
FirstSun Capital Bancorp NASDAQ: FSUN 3Q2026 Earnings Presentation October 26, 2026
Slide 2: Disclaimers
Disclaimers Forward-Looking Statements This presentation contains forward-looking information and statements by FirstSun Capital Bancorp (“FirstSun” or the “Company”) within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are generally identifiable by
Slide 3: Disclaimers (cont'd)
Disclaimers (cont’d) Use of Non-GAAP Measures This presentation includes certain financial information determined by methods other than in accordance with accounting principles generally accepted in the United States (“GAAP”). These non-GAAP financial measures include certain operating performance m
Slide 4: Corporate Profile
Corporate Profile1 Operating in six of the Top 10 With a Presence in seven of the 10 Largest Franchise Footprint Fastest Growing MSAs2 MSAs in the Southwest & Western US3 # # 1 Austin, TX 1 Southern CA4 2 Dallas, TX 2 Dallas, TX $15.3B 3 Orlando, FL 3 Houston, TX Total Assets 4 Charlotte, NC 4 Phoen
Slide 5: Investment Thesis — Focused Strategy
Investment Thesis — Focused Strategy Mix of community and high C&I business focus with a Vertical lending expertise growth metro markets with disciplined and careful CRE provides true alternative to emphasis on Southwest and exposure to core customers in larger banks Western US our geography Consist
Slide 6: Unique High Growth Franchise
Unique High Growth Franchise Universe Strong Service Lending Attractive Size Fee Revenue Focus Growth Footprint3 ~ 50 Banks 1 Bank Attractive core deposit funded Banks with franchise with MRQ Service Fee With scale in six of the proven ability to Total Assets Specialized Loan Growth2 Revenue / Rev.
Slide 7: Third Quarter 2026 Results
Third Quarter 2026 Results Net Income Diluted EPS 2026 Q3 Highlights $38.4 million $48.2 million $0.82 $1.03 • Record reported and adjusted net income in Q3 Reported Adjusted1 Reported Adjusted1 • NIM expansion of 24 basis points from the prior quarter reflecting: ROAA PTPP ROAA1 ◦ Loan yield increa
Slide 8: Year-to-Date 2026 Results
Year-to-Date 2026 Results Net Income Diluted EPS 2026 YTD Highlights $37.1 million $92.9 million $0.91 $2.27 • Completed merger with First Foundation on April 1, Reported Adjusted1 Reported Adjusted1 2026, acquiring $6.0B of loans, net, $11.2B of total assets, and $8.8B of total deposits, net of pur
Slide 9: Loan Portfolio Trends
Loan Portfolio Trends Portfolio Composition 1 Originations, Paydowns & Payoffs 2 Strategy and Q3 Highlights 1.2% $600 • Strategic emphasis on C&I lending 8.1% $500 • Seek to maintain variable vs fixed $ in millions portfolio mix. At September 30, 2026: $400 31.9% ◦ ~ 70% variable (~ 58% repricing w/
Slide 10: Deposit Trends
Deposit Trends Average Deposit Composition Strategy and Q3 Highlights ($ in millions) • Strategic emphasis on high quality diverse relationship-based core deposits to drive organic Q3 2026 20.3% 21.0% 14.5% 29.1% 8.3% 6.8% $13,197 balance sheet growth Q2 2026 18.1% 19.9% 13.6% 26.8% 8.3% 13.3% $14,4
Slide 11: Net Interest Income & Net Interest Margin Trends
Net Interest Income & Net Interest Margin Trends Net Interest Income Strategy and Q3 Highlights ($ in thousands) • Loan yield increased 17 bps to 6.33%, from Q2, primarily due to loan $143,195 $140,301 sales in Q2 2026, comprised of lower-yielding multifamily and public $27,174 $25,648 finance loans
Slide 12: Noninterest Income Trends
Noninterest Income Trends Noninterest Income Mix 1 Strategy and Q3 Highlights Deposit Account Service Fees Other 6% • Strategic emphasis on diversified revenue mix, targeting > 20% 16% noninterest income / total revenue Treasury Management Service Fees 13% • Combined increase of $0.7 million over Q2
Slide 13: Noninterest Income Trends (cont'd)
Noninterest Income Trends (cont’d) Mortgage Banking Services Composition Mortgage Originations 13.0% 3.17% 3.19% 11.8% 11.0% 3.04% 8.7% $600M 7.1% 2.79% 2.85% 100.0% $450M 50.6% 52.5% 58.3% 51.6% 49.4% $300M 37.4% 39.6% 31.3% 40.1% 34.7% 12.0% 7.9% 17.1% 10.5% $150M —% 7.0% Q3 2025 Q4 2025 Q1 2026 Q
Slide 14: Noninterest Expense Trends
Noninterest Expense Trends Noninterest Expense Composition ($ in thousands) Q3 2026 $63,344 $15,532 $27,431 $13,246 $126,553 Salary and Employee Benefits Occupancy, Equipment and Software Q2 2026 $68,744 $15,504 $22,926 $57,559 $171,712 Customer service costs Amortization of Intangible Assets Other
Slide 15: Asset Quality Trends
Asset Quality Trends Allowance for Credit Losses Q3 Highlights ($ in thousands) • $39.9 million total reduction in substandard loans in Q3 $173,551 $174,638 ◦ $12.7 million increase in nonperforming loans from Q2, primarily related to two CRE loans 1.50% 1.52% $84,040 $85,016 $82,955 • $23.8 million
Slide 16: Asset Quality Trends (cont'd)
Asset Quality Trends (cont’d) Provision for Credit Losses & Credit Risk-Adjusted Returns Net Charge-Offs (Recoveries) NIM NCO Earning Credit ($ in thousands) $53,050 $56,337 Assets Adj.2 Adjusted NIM1 1 Year $27,550 $20,377 $24,600 $28,255 Average 3.87% (0.67)% 0.14% 3.34% $18,050 $18,247 $7,810 3 Y
Slide 17: Capital and Liquidity
Capital and Liquidity Total Capital Ratio Common Equity Tier 1 Capital Ratio Strategy and Q3 Highlights 15.81% 15.73% 15.29% • Liquidity & IRR 14.13% 14.29% 13.79% 14.12% 13.77% 11.95% 11.99% ◦ Seek to maintain historical solid liquidity 11.0% positioning across multiple sources 8.0% ◦ Seek to maint
Slide 18: Consistent Long-Term Strategy
Consistent Long-Term Strategy 1 2 3 4 5 Southwest and Western C&I Focused Commercial High Service Fee to Revenue Core Deposit Franchise Operating Strategy Growth Market Emphasis Bank Mix Focused on Organic Loan and High Quality, Attractive Long-Term Solid Core Earnings Progression Deposit Growth in
Slide 19: Fourth Quarter 2026 Financial Outlook
Fourth Quarter 2026 Financial Outlook1 Business Driver Q4 2026 Outlook Key Assumptions and Further Expectations Key Assumptions: Loans Mid single digit growth • The outlook includes acquisition-related purchase accounting adjustments with respect to the First Foundation acquisition, which are subjec
Slide 20: Appendix
Appendix FirstSun Capital Bancorp | 20
Slide 21: C&I Portfolio by Industry
C&I Portfolio by Industry Balance Change Average % of Total C&I Loans Industry1, 2 ($ in millions) Q3 2026 from Q2 2026 Loan Size Finance and Insurance $864.2 5.4% $4.9 24% Information (Technology, Media and Telecommunications) 357.0 0.3% 4.6 10% Manufacturing 341.0 (1.5)% 2.0 9% Construction 283.7
Slide 22: Total Criticized Loan Overview
Total Criticized Loan Overview Criticized Overview Criticized Loans by Risk Grade ($ in millions) $895.2 • $63.8 million overall net reduction in Criticized Loans compared to the prior $24.4 quarter $831.4 $41.8 $165.6 ◦ $39.9 million reduction in Substandard loans (excludes Special Mention) $161.0
Slide 23: Granular Deposit Base
Granular Deposit Base1 ~ 74%3 of Total $13.0 Billion Total Deposits ~ 67%3 of Total Deposits are Deposits are FDIC-Insured + FDIC-Insured Collateralized Deposits by State2 Customer Base Granular Deposit Base 165,000 $39,000 Consumer Accounts Avg. Account Balance $0.1B Nevada $0.8B $1.6B Customer Bas
Slide 24: Financial Summary
Financial Summary As of and for the three months ended September 30, June 30, March 31, December 31, September 30, ($ in thousands, except per share amounts) 2026 2026 2026 2025 2025 Net interest income $ 140,301 $ 143,195 $ 82,779 $ 83,461 $ 80,953 Provision for credit losses 4,400 40,400 8,250 6,2
Slide 25: Non-GAAP Reconciliation
Non-GAAP Reconciliation As of and for the three months ended As of and for the nine months ended September 30, June 30, March 31, December 31, September 30, September 30, September 30, ($ in thousands, except per share amounts) 2026 2026 2026 2025 2025 2026 2025 Tangible stockholders’ equity to tang
Slide 26: Non-GAAP Reconciliation (cont'd)
Non-GAAP Reconciliation (cont’d) As of and for the three months ended As of and for the nine months ended September 30, June 30, March 31, December 31, September 30, September 30, September 30, ($ in thousands, except per share amounts) 2026 2026 2026 2025 2025 2026 2025 Tangible book value per shar
Slide 27: Non-GAAP Reconciliation (cont'd)
Non-GAAP Reconciliation (cont’d) As of and for the three months ended As of and for the nine months ended September 30, June 30, March 31, December 31, September 30, September 30, September 30, ($ in thousands, except per share amounts) 2026 2026 2026 2025 2025 2026 2025 Adjusted pre-tax pre provisi
Slide 28: Non-GAAP Reconciliation (cont'd)
Non-GAAP Reconciliation (cont’d) As of and for the three months ended As of and for the nine months ended September 30, June 30, March 31, December 31, September 30, September 30, September 30, ($ in thousands, except per share amounts) 2026 2026 2026 2025 2025 2026 2025 Adjusted return on average t
Slide 29: Non-GAAP Reconciliation (cont'd)
Non-GAAP Reconciliation (cont’d) As of and for the trailing twelve months ended September 30, September 30, September 30, September 30, September 30, ($ in thousands) 2026 2025 2024 2023 2022 Credit adjusted net interest margin: Net interest income (GAAP) $ 449,736 $ 310,977 $ 291,932 $ 294,638 $ 20
Slide 30: FirstSun
FirstSun Soak Capital
FirstSun Capital Bancorp — Q3 2026 Earnings Presentation on 6ix